Government of Canada extends CERB maximum weeks from 16 to 24 (8 week increase) | General financial discussion | Discussion forum

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Government of Canada extends CERB maximum weeks from 16 to 24 (8 week increase)
June 16, 2020
3:09 pm
Doug
British Columbia, Canada
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Parliamentary Budget Officer expected to revise, yet again, his budgetary deficit projections.

Trudeau expected to quadruple the federal debt within the next 12 months, down from 18 months. (Doug's projection.)

All three major credit ratings agencies to downgrade Canada's credit rating from AAA to AA within the next twelve months (Doug's projection, with a 60% confidence ratio).

Cheers,
Doug

June 16, 2020
11:24 pm
Loonie
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AA would still be a great credit rating, if it comes to that.
If it happens, shouldn't we then expect higher interest rates? Stir in a dose of inflation, and rates could become relatively healthy.

June 17, 2020
6:11 am
savemoresaveoften
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Loonie said
AA would still be a great credit rating, if it comes to that.
If it happens, shouldn't we then expect higher interest rates? Stir in a dose of inflation, and rates could become relatively healthy.  

Most countries including US are not AAA anyway so downgrade from AAA to AA is not material. No impact to Canada's borrowing rate

June 17, 2020
6:51 am
Bud
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Provinces reliant on federal government backstop.

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